Law360, New York ( April 10, 2015, 11:24 AM EDT) -- The recent announcement in Lausanne of a "framework" for an agreement between Iran and the major global powers (the P5+1 — the permanent members of the UN Security Council plus Germany) brought us back to the first major agreement by the regime that controls the Islamic Republic of Iran and the U.S. — the Algiers Accord, negotiated in 1980 by another set of energetic U.S. State Department diplomats under a Democratic president. Several of our firm's lawyers were involved in the aftermath of that accord, including the extensive international arbitration proceedings it launched in the Claims Tribunal in The Hague — and we think there are parallels worth noting....